Everybody wants to know where to put their money next. The most bullish cryptocurrency analysts will say that putting money in almost every top 50 crypto project will pay big dividends in 5 years’ time.
When it comes to short term gains as well as long term riches, some investors may look to presale cryptocurrencies. FIREPIN Token (FRPN) has been turning heads with its very promising utility as well as its huge price increases. If it carries on its current trajectory, FRPN can challenge established top 10 and top 50 cryptos like Cardano (ADA) and PancakeSwap (CAKE).
Cardano (ADA) is a proof-of-stake (PoS) blockchain with a unique dual-layer structure that was first introduced in September 2017. The platform takes pride in its creative features and claims to be designed for “change-makers, innovators, and dreamers.”
It aspires to advance worldwide innovation and market improvement by focusing on extensive research. Cardano has created a scalable, secure, and efficient decentralised network in addition to providing exceptional service.
Cardano is named after the 16th-century Italian polymath Gerolamo Cardano, and ADA is named after the 19th-century mathematician Ada Lovelace. ADA is notable for being one of the fastest-growing currencies. Cardano (ADA) has a current price of $0.96, and cryptocurrency industry analysts predict that the price should be comfortable back above the $1 mark by the end of the month.
PancakeSwap (CAKE) is the first and largest crypto DEX protocol on Binance Smart Chain (BSC). In September 2020, the network’s native currency was launched as an exchange for staking tokens in protocol liquidity pools. On the platform, LP tokens can be used to farm and get rewards.
Among other investments, PancakeSwap (CAKE) has developed a non-fungible token NFT marketplace, a lottery system, a prediction market, and Initial Farm Offering (IFO) capabilities.
In terms of price, it has been a tough few months for CAKE. CAKE has been on a broadly downward trajectory for almost a year now. Its all-time high of $44.18 in April 2021 was an all too brief high point for CAKE holders, which is now trading at under $9. It is currently 80% down from its peak and despite the popularity of PancakeSwap as a platform, it is conceivable that CAKE drops out of the top 50 cryptocurrencies.
FIREPIN Token (FRPN)
The launch of FIREPIN Token (FRPN) in May is getting closer, with the cryptocurrency’s second presale phase just over a week in at the time of writing.
FIREPIN is a community-led DAO (decentralised autonomous organisation) and considers its community their top priority. FRPN holders can vote and participate in majority decisions that determine the project’s development.
A 3000% rise since the start of its presale signals success for FIREPIN, which still has two levels of presale left until its official launch on May 27th.
FIREPIN has successfully established itself with those who will continue to follow the project because of its promise to invest in the aforementioned industries, appealing to both Metaverse lovers and those who see the value of the integration of multi-chain blockchains.
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